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American Company leases 5000 Acres of land in Tamilnadu for Biomass Plantation

Indian companies have been acquiring land parcels for various agricultural and energy plantation activities in numerous countries in SE Asia, Africa and of late Latin America citing difficulty and procedural challenges in acquiring such vast tracts of land.

Seems like a Florida based American company Clenergen has been able to do just that by acquiring 5000 acres on a long lease for a 32 MW project. With this they should be able to  meet their entire biomass feedstock and hence eliminate the need for some of the procedures otherwise needed.

Signs 49 Year Lease for 5000 Acres of Land in Tamilnadu, India for Supply of Wood Chips for 32MW/h New Biomass Power Plant

Clenergen Corporation (CRGE 0.98, +0.03, +3.16%) signed a 49 year lease agreement with the Jeer Mutt Religious Institution for 5000 acres of land suitable for cultivation of its two species of tree and grass for the supply of fuel (wood chips) for a new construction of a 32MW/h Combustion Steam Biomass Power plant, to be located in land leased near Tuticorin, Tamilnadu.

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